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Well-Known Crypto Trader Believes MATIC Could Soon Reach $1

Published 10/07/2022, 05:25 AM
Updated 10/07/2022, 05:30 AM
Well-Known Crypto Trader Believes MATIC Could Soon Reach $1

  • Van de Poppe expects MATIC to continue its current bullish momentum.
  • Other analysts also believe MATIC has the potential to reach new highs.
  • MATIC is currently trading at $0.8376 after a 0.59% drop in price.

Well-known crypto trader and CEO of Eight Global, Michael van de Poppe, took to Twitter on October 7 to elaborate on his expectations for Polygon (MATIC) over the next few days.

In the Twitter post, van de Poppe explains that he expects MATIC to continue its current bullish momentum. He then also added that he thinks MATIC has the potential to reach $1.

The CEO is not the only trader with high hopes for MATIC. Other analysts believe that MATIC could reach a price of $3.95 by 2025.

MATIC Network / Tether US 1D (Source: CoinMarketCap)

According to the crypto market tracking website CoinMarketCap, MATIC is currently trading at $0.8376 after a 0.59% drop in price over the last 24 hours, and after reaching a high of $0.8489 over the same time period. Despite the crypto being down today, it is still in the green by more than 8% over the last week.

In addition to this, MATIC was able to strengthen against the two biggest cryptocurrencies in the market Bitcoin (BTC) and Ethereum (ETH) over the last day by 0.83% and 0.19% respectively.

MATIC’s 24-hour trading volume also took a bit of a knock today as it is down by just over 29% to now stand at around $288,298,531.

MATIC is currently the 11th biggest cryptocurrency in terms of market capitalization with its market cap of $7,330,084,976. This places MATIC right behind Dogecoin (DOGE) and in front of Polkadot (DOT) on the list of the biggest cryptos.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Well-Known Crypto Trader Believes MATIC Could Soon Reach $1 appeared first on Coin Edition.

See original on CoinEdition

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